.EditorialThis web content has actually been actually picked, developed and also modified by the Finextra content group based upon its importance and also passion to our community.Depending on to an agent for the Vilnius Area Court of law, the bankruptcy call was helped make after assessing the business's economic data and discovering that kevin was actually "incapable to meet its financial obligations promptly".A bankruptcy case has actually been opened by the court of law as well as IS Team has been actually assigned as the bankruptcy administrator..Kevin has considering that declared that it plans to appeal the bankruptcy choice.The court of law selection marks an impressive succumb to the paytech firm which was once addressed as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had likewise raised $65m coming from its own numerous clients, featuring Accel and Eurazeo.The initial signs of financial challenge were seen in February when a report from online news web site Looked specified that kevin had actually failed to spend team for two months - insurance claims which were actually debated due to the start-up..And after that in July, the Lithuanian reserve bank prohibited the company coming from taking on any type of new clients after developing impatient at the company's failing to file its own yearly files on schedule. .